Category: Blockchain

Amid the buzz generated by the Web3 movement, a less catchy concept is Industry 4.0, which details the revolutionary move of the next industrial disruption. Industry 4.0 cannot perform optimally in the absence of energy. The energy industry needs further expansion to enhance efficiency. However, blockchain technology is at the heart of Web3, Industry 4.0,…

The history of Africa is filled with institutional wrongs against the continent, and Afropolitan is looking to change the narrative. The platform wants to create a global digital space having a real-world impact on Africans living outside Africa. According to Afropolitan, it has raised $2.1 million in funding to realize its vision of a digital…

The world is rapidly changing, and new things, patterns, and features come with each evolution. The term “Web3” was unknown until last year, and fast forward to 2022, it has become the buzzword in the tech space. Web3 is the new internet era that tech companies have adopted, and decentralized blockchain platforms are using it.…

After unveiling the Quest 2 VR headset, Meta is moving further ahead by adding a new setting to the Horizon Worlds. The Voice Mode feature gives users an added experience and control in VR. The new development will be unveiled over the coming weeks and will give Quest 2 users audio options to choose from.…

Recently, the clamor for freshwater has been increasing, especially in regions with low rainfall. Among the various countries experiencing low rainfall due to weather conditions is the UAE.  However, the country’s meteorological center is set to solve the problem. According to reports, the National Centre of Meteorology (NCM) has commenced a new project. The NCM…

In furtherance of its pledge to become the leading blockchain hub in the world, the United Arab Emirates has done it again. The UAE has announced its adoption of blockchain technology to develop the world’s most expensive postal system. The new postage stamp is sponsored by the Emirati government and managed by the Emirate Posts…

A popular research company, McKinsey & Company, has released a new report. The report titled “Value creation in the metaverse” evaluates the worth of the metaverse.  According to the research, the metaverse would be worth over $5 trillion by 2030. The biggest sector would be the e-commerce industry ($2.6 trillion), followed by virtual learning at…

Integrating Web 3.0 technologies into everyday use by institutions is on the rise. Accordingly, the Romanian Institute for Research and Development in Informatics, also known as ICI Bucharest, is the latest to join the move. ICI Bucharest revealed its plans to develop institutional NFTs alongside a marketplace and a decentralized protocol for Domain Name System.…

Like Google, China’s search engine giant, Baidu, has a firm grip on the Chinese internet space. Baidu has dominated China’s internet industry for years, raking in billions of dollars annually from search engines and other web services. However, Baidu’s ambition extends beyond just the internet ecosystem; its next destination seems to be the automobile industry.…

The former Twitter CEO plans to develop a Bitcoin-based Web5 to displace Web3. Accordingly, the new web platform will combine the centralized and decentralized internet, Web2 and Web3. The new project is part of the block subsidiary, TBD. It underscores the belief held by Jack Dorsey about Bitcoin’s role in the evolution of the internet.…

One of the decentralized finance platforms’ most often overlooked issues is token approvals. One vulnerability has been on the rise due to the increase in DeFi and Web3 adoption. And EverRise, a Web3 security and infrastructure firm, released EverRevoke, to review, revoke, and approve transactions. The new utility is the latest addition to the EverRise…

On Monday, the Cboe Australian Exchange announced the launch of two more ETFs. Altogether, this brings the total of the crypto ETFs on the Australian market to six. Accordingly, the Canadian-based fund manager, 3iQ, listed the two spot ETFs. The new ETFs invested in are to expand the Australian exchange-traded fund sector. All the ETF…

The ongoing drive to change the Optimism (OP) tokens to become the primary network token for gas payment is gaining acceptance. Previously, the OP has been a governance token, and the call to change it is growing steadily. Vitalik Buterin, the founder of Ethereum, is the latest influential personality to air his view on the…

Billionaire tech developer Marc Andreessen stated that the present landscape of Web3 is typical of the early internet days. According to the billionaire tech entrepreneur and venture capitalist, the Web3 emergence is reminiscent of the internet in the 1990s. Andreessen is the co-creator of Andreessen Horowitz, a venture capital enterprise. The billionaire rose to prominence…

The emergence of Blockchain technology has revolutionalized many aspects of our daily lives, from government, finance, and security frameworks. Blockchain technology has upscaled the way of doing things. It is predicted that by 2025, major corporations will spend huge resources, close to $29 billion annually, on blockchain-related services. Accordingly, leading tech giant, IBM, plans to…

Like the rest of the cryptocurrency industry, the metaverse sector is also experiencing a downtrend since the beginning of December 2021. It is quite shocking that the entire cryptocurrency industry has taken a fall mainly due to the downtrend of Bitcoin (BTC). It is due to the regulatory action against Bitcoin that has resulted in…

Back in 2009 when Bitcoin was launched, the entire cryptocurrency network had only one blockchain network. However, with the passage of time, the cryptocurrency and blockchain networks expanded. Over time, more blockchain networks have been introduced within the industry. Although several blockchain networks have been launched into the industry, there is only a handful that…